H.R. 3586 (102nd): Federal Enterprise Oversight Act of 1991

Introduced:
Oct 17, 1991 (102nd Congress, 1991–1992)
Sponsor:
Rep. Matthew Rinaldo [R-NJ7]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on October 17, 1991, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 17, 1991
Cosponsors
none
Committees

House Agriculture

House Education and the Workforce

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To improve supervision of Government Sponsored Enterprises.

Summary

No summaries available.

Text

Text not yet available.

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/17/1991--Introduced.
Federal Enterprise Oversight Act of 1991 -
Title I - Establishment of the Federal Enterprise Oversight Board
Establishes the Federal Enterprise Oversight Board to oversee the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association, the Federal Housing Finance Board, the Federal Agricultural Mortgage Corporation, and specified agricultural credit institutions.
Title II - Supervision and Regulation
Directs the Board to establish operating standards for each enterprise, including: (1) management and internal controls; (2) assets and earnings; (3) minimum and insufficient capital; and (4) compensation and benefits. Requires each enterprise to report quarterly and annually to the Federal Enterprise Regulatory Board. Directs the Board to appoint examiners to examine the enterprises.
Title III - Miscellaneous Provision
Sets forth the effective date of this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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